Meriwether Lewis Electric Cooperative

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 620292655 ✦ Centerville, TN ✦ Designated as a 501(c)(12)

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Overview

What is Meriwether Lewis Electric Cooperative?

Meriwether Lewis Electric Cooperative is a Centerville, TN-based nonprofit organization catering to the needs of 34,823 rural residents in Hickman, Houston, Humphreys, Lewis, and Perry counties. Their mission encompasses the provision of essential electricity services and broadband internet and communication solutions. As of June 30, 2020, their fiber optic network has connected nearly 3,300 customers to these advanced services.


Official website here: www.mlec.com

What are the reviews and ratings of this charity?

The Meriwether Lewis Electric Cooperative is not currently rated by Charity Navigator. This absence of rating is due to its status as a non-501(c)(3) entity, thus excluding it from Charity Navigator’s evaluation criteria, which requires accountability metrics primarily applicable to 501(c)(3) organizations. The lack of rating does not inherently imply positive or negative performance, as the cooperative does not file the necessary Form 990 data needed for such assessments.

Charity Navigator historically has focused on financial transparency and accountability, but evaluations now include leadership, adaptability, and impact. However, due to the cooperative's classification, these additional measures cannot be applied to assess its performance comprehensively. No 990 data means insights into the cooperative's finances and compensation practices are also unavailable.

There are no user reviews on GreatNonprofits for Meriwether Lewis Electric Cooperative, meaning public sentiment via that platform remains unrecorded. As no data regarding operations, user experiences, or reported outcomes exist from these sources, an assessment by these means is limited.


This AI summary has been generated from information found on Charity Navigator.

Is Meriwether Lewis Electric Cooperative legitimate?

Meriwether Lewis Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Meriwether Lewis Electric Cooperative submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $1,972,041
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.mlec.com

What is the mission statement of Meriwether Lewis Electric Cooperative?

Meriwether Lewis Electric Cooperative is a non-profit organization dedicated to delivering rural electricity distribution and advanced broadband internet and communication services to approximately 35,000 members spread across multiple Tennessee counties. The Cooperative's commitment extends beyond powering homes and businesses, as it also focuses on connecting its community members to the digital world through its state-of-the-art fiber optic network, which has served over 3,000 customers up to the mid-year of 2020. By providing essential electricity and digital services, the Cooperative enhances its members' quality of life and enables them to thrive in today's interconnected world.


Official website here: www.mlec.com

Who is the CEO of Meriwether Lewis Electric Cooperative?

Keith Carnahan is the Director of Meriwether Lewis Electric Cooperative.


Official website here: www.mlec.com

What is the revenue of Meriwether Lewis Electric Cooperative?

Meriwether Lewis Electric Cooperative's revenue in 2023 was $132,689,305.


Official website here: www.mlec.com

Who are the executives of Meriwether Lewis Electric Cooperative and what are their salaries?

The average compensation at Meriwether Lewis Electric Cooperative during 2023 was $15,776. There are 125 employees at Meriwether Lewis Electric Cooperative.


Here are 26 key members and their salaries:


Johnnie Ruth Elrod (Director)
  • Compensation: $28,672
  • Related: $0
  • Other: $0
David Wayne Qualls (Director)
  • Compensation: $29,444
  • Related: $0
  • Other: $0
Bill Webb (Director)
  • Compensation: $29,359
  • Related: $0
  • Other: $449
Jeffrey D Peery Dds (Director)
  • Compensation: $29,722
  • Related: $0
  • Other: $0
Jessie Wallace (Director)
  • Compensation: $27,472
  • Related: $0
  • Other: $0
David Daniel (Board Chair)
  • Compensation: $28,531
  • Related: $0
  • Other: $0
Larry D Mayberry (Director)
  • Compensation: $26,948
  • Related: $0
  • Other: $1,231
Cass Rye (Director)
  • Compensation: $26,403
  • Related: $0
  • Other: $0
Zachary Hutchens (Director)
  • Compensation: $24,322
  • Related: $0
  • Other: $3,937
Andrew Porch (Director)
  • Compensation: $24,322
  • Related: $0
  • Other: $4,837
Raymond H Fussell (Director)
  • Compensation: $24,247
  • Related: $0
  • Other: $3,595
Tommy Graham (Vice Chair)
  • Compensation: $24,213
  • Related: $0
  • Other: $5,516
Ronald Averett (Director)
  • Compensation: $5,154
  • Related: $0
  • Other: $0
Keith Carnahan (President An)
  • Compensation: $290,402
  • Related: $0
  • Other: $84,687
Ken Little (Vp-Emerg. Te)
  • Compensation: $162,127
  • Related: $0
  • Other: $113,270
Shane Mccrory (Vp-Info Tech)
  • Compensation: $164,580
  • Related: $0
  • Other: $107,456
Miranda Mccaleb (Vp-Employee/)
  • Compensation: $162,715
  • Related: $0
  • Other: $130,628
Edward W Greenwell (Vp-Oper. & E)
  • Compensation: $146,153
  • Related: $0
  • Other: $63,550
Blake Harper (Vp - Admin S)
  • Compensation: $145,262
  • Related: $0
  • Other: $29,389
Melissa Sanderson (Corporate Se)
  • Compensation: $71,382
  • Related: $0
  • Other: $83,302
John L Williams (General Coun)
  • Compensation: $24,186
  • Related: $0
  • Other: $0
Jason Graves (Employee)
  • Compensation: $129,622
  • Related: $0
  • Other: $77,280
Derle Hill (Employee)
  • Compensation: $144,812
  • Related: $0
  • Other: $28,285
William Blackwell (Employee)
  • Compensation: $136,386
  • Related: $0
  • Other: $96,090
Barry Wilson (Employee)
  • Compensation: $129,408
  • Related: $0
  • Other: $65,565
Joseph M Bradley (Employee)
  • Compensation: $127,593
  • Related: $0
  • Other: $55,446


Official website here: www.mlec.com

Where can I find the form 990 for Meriwether Lewis Electric Cooperative?

Meriwether Lewis Electric Cooperative's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.mlec.com

Learn more at the official website: www.mlec.com

Mission Statement of Meriwether Lewis Electric Cooperative

Meriwether Lewis Electric Cooperative, a Tennessee-based organization, is dedicated to bringing rural electricity distribution and advanced broadband internet and communication services to over 34,000 members spread across Hickman, Houston, Humphreys, Lewis, and Perry counties. By providing these essential utilities, the Cooperative enhances the quality of life for families and businesses in these communities, fostering economic growth and social connection.

The heart of Meriwether Lewis Electric Cooperative's mission lies in its commitment to serve the rural areas that are often overlooked by larger utility providers. In doing so, the Cooperative has extended a vital lifeline to its members, ensuring they have access to the modern conveniences that many take for granted. Furthermore, the Cooperative's investment in a fiber optic network has connected over 3,200 households as of June 2020, bringing them into the digital age and enabling them to take advantage of the numerous opportunities offered by high-speed internet.

Meriwether Lewis Electric Cooperative's expansion into broadband internet and communication services underscores its dedication to improving the lives of its members. By providing reliable and affordable internet access, the Cooperative empowers individuals to pursue educational opportunities, connect with loved ones, and participate in the digital economy. Moreover, the Cooperative's commitment to rural areas ensures that even the most remote communities are not left behind in the rapidly evolving digital landscape. In this way, Meriwether Lewis Electric Cooperative continues to be an indispensable resource for its members, fostering progress and prosperity in the rural regions it serves.

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Impact




October, 2024

Meriwether Lewis Electric Cooperative significantly enhances the quality of life for its members by providing essential services such as rural electricity distribution and broadband internet. Serving 34,823 members across Hickman, Houston, Humphreys, Lewis, and Perry counties in Tennessee, it plays a crucial role in connecting rural communities to reliable power and modern communication technologies.

The cooperative's efforts have particularly made a difference in areas often overlooked by larger service providers, ensuring that residents have access to the electricity and internet they need for both daily living and economic opportunities. As of mid-2020, its fiber optic network has successfully connected 3,294 customers, facilitating better access to information, education, and business resources. This contribution not only improves individual livelihoods but also fosters community development and local growth within the regions it serves.




This information is meant to be a general summary of Meriwether Lewis Electric Cooperative. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$132,689,305 (2023)
Expenses
$128,647,989 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $233,025
  • Program Service Revenue: $131,913,117
  • Gross Receipts: $132,689,305

Assets and Liabilities:

  • Total Assets: $191,483,163
  • Total Liabilities: $116,520,806
  • Net Assets: $74,962,357

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

ELECTRIC REVENUE

Revenue

$120,010,725

SERVICE REVENUE - ML CONNECT

Revenue

$9,651,394

POLE RENTALS

Revenue

$2,166,388

FIBER LEASE

Revenue

$84,610

Organization Details

Founding Year

1939

Principal Officer

Keith Carnahan

Main Address

P O BOX 240, CENTERVILLE, TN, 37033

NTEE Category

Code: W80 - Public benefit

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